We aim to cultivate 'career traders' rather than those seeking quick profits. Our rules ensure consistent and responsible trading:
1. Profit Consistency Rule:
• No single trade or day should account for more than 25% of the total profits required to pass the evaluation and qualify for withdrawal on funded.
• Trades exceeding this limit will be removed from the account.
2. Volume Consistency Rule:
• Your trading range is calculated based on your average trade size.
• Formula: Average Trade Size = Total Lots Traded / Total Market Order Trades
Example:
300 lots / 50 trades = 6 lots average
• Lower band: Average lot size x 0.25
• Upper band: Average lot size x 1.50
• Example (for 6 lots average):
- Lower band: 6 x 0.25 = 1.5 Lots
- Upper band: 6 x 1.5 = 9 Lots
Note: Trades falling outside this range are considered inconsistent.
3. Minimum Trading Requirements:
• Evaluation Phase: Minimum of 3 trading days
• Funded Phase:
Day Traders: 20 active trading days
Swing Traders: 15 active trading days (for those consistently holding positions for more than 2 days)
4. Risk Management:
The use of a STOP LOSS is not only required but strongly encouraged. This helps protect your account and demonstrates responsible risk management.
5. Leverage:
Our permitted leverage is 1:10. This helps manage risk and promote responsible trading.
6. News Trading Restriction:
News trading is not allowed. Positions entered or closed within 5 minutes before or after a red folder event will have their profits invalidated and removed.
7. Weekend Trading:
Yes, we do allow weekend trading. However, traders should be aware of the risks associated with holding positions over the weekend.
These rules apply to both the evaluation and live funded phases, ensuring sustainable trading practices.
Click here to learn about next step pro trade restrictions.